PRIOR-PERIOD ADJUSTMENTS DUE TO CORRECTION OF ERRORS

-YEARS PRECEDING THE PRIOR YEAR

EFFECTIVE FISCAL 2022

PREPARED BY:

GENERAL LEDGER AND ADVISORY BRANCH

FISCAL ACCOUNTING OPERATIONS

BUREAU OF THE FISCAL SERVICE

U.S. DEPARTMENT OF THE TREASURY
Page 2 of 39 

August 2022

Version History

Version Number Date Description of Change Effective

USSGL TFM

1.0 06/03/2010 Original Version Bulletin No. 2010-04

2.0 08/17/2022 Updated USSGL accounts, trial balances, and financial statement updates. Bulletin No. 2022-16

2.1 3/20/2024 Revised background information and flowchart comment to add clarity Bulletin No. 2022-16
Page 3 of 39 

August 2022

Overview

Prior-period adjustments (PPAs) may occur as a result of material corrections of errors and/or changes in accounting principles

applied to an agency’s prior-year financial statements. FASB’s Accounting Principles Board Opinion No. 20 notes that “Errors in 

financial statements result from mathematical mistakes, mistakes in the application of accounting principles, or oversight or misuse of 

facts that existed at the time the financial statements were prepared.” (Par. 13)

Statement of Federal Financial Accounting Standards (SFFAS) No. 21, Reporting Corrections of Errors and Changes in Accounting 

Principles, requires entities to restate prior period financial statements for material corrections of error(s) identified in the current 

period, if the statements are provided for comparative purposes and if the effect of the error(s) would be material in either period.

“When errors are discovered after the issuance of financial statements, and if the financial statements would be materially misstated 

absent corrections of the errors, corrections should be made as follows:

• If only the current period statements are presented, then the cumulative effect of correcting the error should be reported as a 

prior period adjustment. The adjustment should be made to the beginning balance of cumulative results of operations, in the 

statement of changes in net position. (See SFFAS 21, Par. 10a, and Statement Presentation Table below.)

• If comparative financial statements are presented, then the error should be corrected in the earliest affected period presented 

by correcting any individual amounts on the financial statements. If the earliest period presented is not the period in which the 

error occurred and the cumulative effect is attributable to prior periods, then the cumulative effect should be reported as a

prior period adjustment. The adjustment should be made to the beginning balance of cumulative results of operations, in the 

statement of changes in net position for the earliest period presented. (See SFFAS 21, Par. 10b and Statement Presentation 

Table below.)

For changes in accounting principles, prior period financial statements should not be restated, unless specified by the newly respective 

accounting principles. This scenario focuses on PPAs as they relate to corrections of errors only. As a result, the Reclassified 

Statement of Operation and Changes in Net Position (RSOCNP) crosswalk has separate lines and USSGL accounts to distinguish 

between corrections of errors for the prior year (USSGL account 740000) and corrections of errors in years preceding the prior year

(USSGL account 740500). 

Due to the complexity of the scenario and the way it is presented, we suggest the use of a color printer when generating a hardcopy.

For purposes of this scenario:

• Budgetary transactions are highlighted in light green

• Proprietary transactions are highlighted in blue

• And “Work Paper Only” transactions are highlighted in peach 
Page 4 of 39 

August 2022

Statement Presentation Table (for material errors only)

If Comparative Financial Statements 

Are Being Presented (that is, XXCY

and XXPY):

If Only Current Period Statements Are Being

Presented (that is, XXCY):

If the error occurred during the 

earliest affected period presented 

in the financial statements (i.e.,

XXPY):

Then, the adjustment is made to the 

earliest affected period presented by 

correcting any individual amounts on the 

financial statements. See Correction of 

Errors that Occurred in Previous Periods 

Prior-Period Adjustments (Financial 

Reporting) and Prior-Year Adjustments 

(Budgetary Reporting) Scenario.

Then, the adjustment is made to the beginning 

balance of cumulative results of operations on 

line 11B (Corrections of errors) of the SCNP. 

(USSGL account 740000). Also, adjustment 

made to beginning balance of cumulative results 

of operations on the RSOCNP if non-federal, line 

2.2 (Corrections of errors – non-federal) and if 

federal line 3.2 (Correction of errors – federal 

(RC 29)). (USSGL account 740000).

If the error occurred before the 

earliest period presented in the 

financial statements (i.e., XXPY1):

Then, the adjustment is made to the 

beginning balance of cumulative results 

of operations on the SCNP, line 11B

(Corrections of errors), for the earliest 

period presented. (USSGL account 

740500) This scenario reflects this 

example.

Then, the adjustment is made to the beginning 

balance of cumulative results of operations on the 

SCNP, line 11B (Correction of errors). (USSGL 

account 740000). Also, adjustment made to 

beginning balance of cumulative results of 

operations on the RSOCNP if non-federal, line 

2.2 (Corrections of errors – non-federal) and if 

federal line 3.2 (Correction of errors – federal 

(RC 29)). (USSGL account 740000).

Note: The Statement of Changes in Net Position (SCNP) current-year unadjusted beginning balance must agree with the restated 

ending balance shown on the prior-year SCNP. USSGL account 740500 can be used only if comparative financial statements 

are being presented.

This scenario uses Prior Year Adjustment Code (PY Adj) as they are defined in the USSGL Treasury Financial Manual (TFM) which 

is governed by OMB Circular No. A-11.
Page 5 of 39 

August 2022

PY Adj Attribute Definition for GTAS Reporting

Use when changes to obligated or unobligated balances occurred in the previous fiscal year but were not recorded in the 

appropriate Treasury Appropriation Fund Symbol (TAFS) as of October 1 of the current fiscal year or during the GTAS

window. Exclude upward and downward adjustments to current-year/prior-year obligations and most reclassifications from 

clearing accounts.

Domain Definitions

“B” – Adjustments to prior-year reporting backdated in Treasury’s central accounting system

Use when a PYA does affect the Fund Balance With Treasury (FBWT) and is backdated in Treasury’s central accounting 

system after the GTAS window has closed for the period being adjusted.

“P” – Adjustments to prior-year reporting not backdated in Treasury’s central accounting system

Use when a PYA does not affect FBWT and is not backdated in Treasury’s central accounting System after the GTAS revision 

window has closed for the period being adjusted.

“X” – Not an adjustment to prior-year reporting

Use when a PYA does not meet the requirements of domains “B” or “P” and for current-period activity. Note: For situations 

involving the GTAS revision window, and the prior-year attribute domain value “X”, refer to OMB Circular No. A-11, 

Appendix F, Section 15 for more detail.

Note: The flowchart on the following page can assist with determining:

1) Whether or not to restate prior-year financial statements;

2) Whether to use USSGL account 740500, “Prior-Period Adjustments Due to Corrections of Errors -Years Preceding the PriorYear,” or a different account.

3) Which PY Adj attribute to use and 

4) Which financial statement the collective information impacts.
Page 6 of 39 

August 2022

*For correction of errors in years

preceding the previous year, use

USSGL account 740500. If you

present comparative statements

and are correcting the previous 

year, use USSGL account 740000.

Restate.

Use USSGL

account 

740000/740500*

Is the event 

material to 

your agency’s 

financials?

YES NO

Is FBWT 

affected?

Do not request a 

backdated Treasury 

document. 

Use PYA attribute 

domain value “P.”

Do not restate. 

Use current-year 

USSGL.

Request a backdated

Treasury document.

Use PYA attribute 

domain value “B.”

YES

Do not request a 

backdated Treasury 

document.

Use PYA attribute 

domain value “X.”

IF REQUIRED

NO

IF NOT 

REQUIRED

Restated: Transaction 1 Restated: Transaction 2

Restated: Transaction 3

Note: For situations involving the GTAS 

revision window, and the prior-year 

attribute domain value “X”, refer to OMB 

Circular No. A-11, Appendix F, Section 15 

for more detail.

Please refer to OMB Circular No. 

A-11, Appendix F, Section 15, and 

work with OMB and Treasury to 

determine if a backdated Treasury 

document is required.
Page 7 of 39 

August 2022

This document provides guidance for correcting both financial and budgetary reporting errors. The following scenario assumes the 

activity occurs in a no-year Treasury Account Symbol (TAS). As presented graphically in the previous flowchart, there are six 

possible reporting outcomes when correcting errors, however, this scenario only addresses the restated material errors. The 

transactions, listed in the detailed chart below, correspond with the transaction numbers in the illustrative transaction section and 

represent each of the three possible outcomes. 

 

1 Each agency should determine its materiality threshold. This scenario assumes that all “YES” answers in this column indicate the amount is material.

AFFECTS

PROPRIETARY

AFFECTS

BUDGETARY

Illustrative

Transaction

No. USSGL Account

Transaction

Amount

Is it 

Proprietarily 

Material?1

Are 

Comparative 

Financial 

Statements 

Presented?

Is FBWTUSSGL 

Account 

101000

Affected?

Is a 

backdated 

document 

required? Results

1 490100 Delivered 

Orders – Obligations,

Unpaid

$4,000,000 YES YES NO Does Not

Apply

Not

backdated.

Use attribute

“P.”

2 490200 Delivered 

Orders – Obligations,

Paid

$6,000,000 YES YES YES YES

Backdated.

Use attribute

“B.”

3 490200 Delivered 

Orders – Obligations,

Paid

$250,000 YES YES YES YES Backdated.

Use attribute

“B.”
Page 8 of 39 

August 2022

Listing of USSGL Accounts Used In This Scenario

Account 

Number Account Name

Budgetary

411900 Other Appropriations Realized

420100 Total Actual Resources – Collected

445000 Unapportioned - Unexpired Authority

451000 Apportionments

461000 Allotments – Realized Resources

490100 Delivered Orders – Obligations, Unpaid

490200 Delivered Orders – Obligations, Paid

Proprietary

101000 Fund Balance With Treasury

198000 Asset for Agency's Custodial and Non-Entity Liabilities – General Fund of the U.S. Government

201000 Liability for Fund Balance With Treasury

211000 Accounts Payable

310000 Unexpended Appropriations – Cumulative

310100 Unexpended Appropriations – Appropriations Received

310500 Unexpended Appropriations – Prior-Period Adjustments Due to Corrections of Errors – Years Preceding the Prior Year

310700 Unexpended Appropriations – Used- Accrued

310710 Unexpended Appropriations Used - Disbursed

320100 Appropriations Outstanding – Warrants Issued

320700 Appropriations Outstanding - Used - Accrued

320800 Appropriations Outstanding – Prior – Period Adjustments

331000 Cumulative Results of Operations

570000 Expended Appropriations -Used - Accrued

570005 Appropriations - Expended - Accrued

570010 Expended Appropriations - Disbursed

570500 Expended Appropriations – Prior-Period Adjustments Due to Corrections of Errors – Years Preceding the Prior Year

570810 Appropriations – Expended- Prior-Period Adjustments 

610000 Operating Expenses/Program Costs

740500 Prior-Period Adjustments Due to Corrections of Errors – Years Preceding the Prior Year
Page 9 of 39 

August 2022

Assumptions

1. For the illustrative transactions that begin on page 15, assume the following:

2. The following entries in this scenario show that unapportioned authority is reclassified from the PY Adj attribute domain value 

“X” to the “P” or “B” domain value when a Prior Year Adjustment transaction is processed. Please refer to OMB Circular No. 

A-11, Appendix F, Section 15, and work with OMB and Treasury to determine if a backdated Treasury document is required.

3. If a back dated document is needed, the entity should complete a back dated document request located at: Backdated Treasury 

Documents - Budget Community - MAX Federal Community

4. Prior-period and prior-year adjustments are not standard so there will be transactions that do not have Transaction Codes listed.

5. The materiality of a transaction, with respect to restatement requirements, is known when posted.

6. The agency’s accounting system for the prior period cannot be reopened.

7. The activity occurs in a no-year TAFS.

8. The GTAS BEA Category Indicator Attribute for illustrations purposes is discretionary.

9. The GTAS Reimbursable Flag Indicator is direct.

10. General Fund Transactions have been added to scenario.

11. Comparative financial statements are presented.

12. Budgetary transactions highlighted in light green are prior-year activities that flow to the “Fiscal 2022 Prior-Year Adjustments

Activity,” Column 7 of the Financial System Activity and Trial Balance for Budgetary Accounts chart, on page 25. 
Page 10 of 39 

August 2022

13. Proprietary transactions highlighted in blue are PPAs that: require financial restatement; flow to the “FY 2022 Prior-Period 

Adjustments,” Column 3 of the Work Paper Trial Balance for Proprietary Accounts chart, on page 26; and are entered into the 

accounting system. 

14. “Work Paper Only” transactions highlighted in peach are PPAs that: require restatement; flow to the “FY 22 Prior-Period 

Work-Paper Adjustments,” Column 4 of the Work Paper Trial Balance for Proprietary Accounts chart, on page 26; and are not 

entered in an agency’s accounting system. These transactions occur outside the system and are used in calculations to 

determine amounts to be presented in published restated financial statements and reports. When the agency’s system cannot be 

reopened, balances still must be impacted appropriately. However, current-period financial statements cannot be prepared 

directly from the agency’s accounting system. Therefore, Work Paper adjustments are necessary. 

15. All transactions not highlighted: are current-year transactions, are posted in the accounting system, and do not fall into any of 

the three highlighted categories (green, blue, or peach).
Page 11 of 39 

August 2022

Prior-Year Trial Balances

System Pre-closing Trial Balance – Fiscal 2021

USSGL Account Debit

(in thousands)

Credit

(in thousands)

Budgetary

411900 (X) Other Appropriations Realized 12,000

445000 (X) Unapportioned - Unexpired Authority 11,000

490100 (X) Delivered Orders – Obligations, Unpaid 1,000

Total 12,000 12,000

Proprietary

101000 (G) Fund Balance With Treasury 12,000

211000 (F) Accounts Payable 1,000

310100 (G) Unexpended Appropriations – Appropriations Received 12,000

310700 (G) Unexpended Appropriations – Used -Accrued 1,000

570000 (G) Expended Appropriations – Used- Accrued 1,000

610000 (F) Operating Expenses/Program Costs 1,000

Total 14,000 14,000
Page 12 of 39 

August 2022

General Fund of the U.S. Government

System Pre-closing Trial Balance – Fiscal 2021

USSGL Account Debit

(in thousands)

Credit

(in thousands)

Budgetary

None

Total - -

Proprietary

201000 (F) Liability for Fund Balance With Treasury 12,000

320100 (F) Appropriations Outstanding – Warrants Issued 12,000

320700 (F) Appropriations Outstanding – Used - Accrued 1,000

570005 (F) Appropriations - Expended – Accrued 1,000

Total 13,000 13,000
Page 13 of 39 

August 2022

System Post-closing Trial Balance – Fiscal 2021 / Beginning Balance – Fiscal 2022

USSGL Account Debit

(in thousands)

Credit

(in thousands)

Budgetary

420100 Total Actual Resources – Collected 12,000

445000 (X) Unapportioned - Unexpired Authority 11,000

490100 (X) Delivered Orders – Obligations, Unpaid 1,000

Total 12,000 12,000

Proprietary

101000 (G) Fund Balance With Treasury 12,000

211000 (F) Accounts Payable 1,000

310000 Unexpended Appropriations – Cumulative 11,000

320000 Appropriations Outstanding - Cumulative -

Total 12,000 12,000
Page 14 of 39 

August 2022

General Fund of the U.S. Government

System Post-closing Trial Balances – Fiscal 2021 / Beginning Balance – Fiscal 2022

USSGL Account Debit

(in thousands)

Credit

(in thousands)

Budgetary

None

Total - -

Proprietary

201000 (F) Liability for Fund Balance With Treasury 12,000

320000 Appropriations Outstanding - Cumulative 11,000

331000 Cumulative Results of Operations 1,000

Total 12,000 12,000
Page 15 of 39 

August 2022

Illustrative Transactions (The agency produces comparative financial statements.)

Note: Amounts in this Scenario are rounded in the thousands.

A. To record budgetary authority apportioned by the Office of Management and Budget and available for allotments. OMB apportions 

$10,250,000 of the $11,000,000 prior-year unobligated balance. (Refer to page 13 for beginning balance) Generally, the initial apportionment 

will not include an amount to cover corrections of errors.

System Only Work Paper Only

DR CR TC DR CR TC

Budgetary Entry

445000 (X) Unapportioned - Unexpired

Authority

451000 Apportionments

Proprietary Entry

None 

10,250

10,250

A116

Budgetary Entry

None

 

Proprietary Entry

None

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

None
Page 16 of 39 

August 2022

B. To record the allotment of authority. The agency allots $10,250,000 of the $11,000,000 prior-year unobligated balance.

System Only Work Paper Only

DR CR TC DR CR TC

Budgetary Entry

451000 Apportionments

461000 Allotments – Realized 

Resources

Proprietary Entry

None 

10,250

10,250 A120

Budgetary Entry

None

Proprietary Entry

None

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

None
Page 17 of 39 

August 2022

1. During fiscal 2022, an error that occurred in fiscal 2020 was discovered. The error understated expenses by $4,000,000. A bill for a delivered unpaid order had not 

been recorded. No prior related obligation had been previously recorded. The error is material and requires restatement of the proprietary financial statements. 2

System Only Work Paper Only3

` DR CR TC DR CR TC

Budgetary Entry

445000 (P) Unapportioned – Unexpired Authority

 4901004(P) Delivered Orders –Obligations, Unpaid

Proprietary Entry (prior-year activity)

740500 (Z) Prior-Period Adjustments Due to 

Corrections of Errors –Years Preceding the Prior-Year 

 211000 (F) Accounts Payable 

310500 (G) Unexpended Appropriations – Prior-Period 

Adjustments Due to Corrections of Errors – Years 

Preceding the Prior-Year

 570500 (G) Expended Appropriations – Prior-

 Period Adjustments Due to Corrections of Errors –

 Years Preceding the Prior-Year

4,000

4,000

4,000

4,000

4,000

4,000

D312

D304

Budgetary Entry

None

Proprietary Entry

610000 (F) Operating Expenses/Program Costs

 740500 (Z) Prior-Period Adjustments Due to 

 Corrections of Errors–Years Preceding the Prior-Year

570500 (Z) Expended Appropriations – Prior-Period 

Adjustments Due to Corrections of Errors– Years Preceding 

the Prior-Year

 570000 (G) Expended Appropriations-Used-Accrued 

310700 (G) Unexpended Appropriations – Used

 310500 (Z) Unexpended Appropriations –Prior-

 Period Adjustments to Corrections of Errors – Years

 Preceding the Prior-Year 

4,000

4,000

4,000

4,000

4,000

4,000

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

570810 (F) Appropriations – Expended- Prior-Period Adjustments 

320800 (F) Appropriations Outstanding – Prior – Period Adjustments Due to Corrections of Errors

4,000

4,000

2 A budgetary entry also is required to reflect a beginning balance adjustment. The PYA attribute domain value “P” is used because FBWT is not affected. A 

matching backdated Treasury central accounting document is not prepared after the GTAS window period has closed for the period being corrected. 3 Cross reference all “Work Paper Only Entries” to page 26. 4 USSGL account 490100 was used because USSGL account 480100 was not previously recorded.
Page 18 of 39 

August 2022

1B. Because the prior-year unobligated balance was carried over and then allotted, the agency must show the decrease to the current year accounts 461000 and 

445000.

System Only Work Paper Only

DR CR TC DR CR TC

Budgetary Entry

4610005 Allotments – Realized Resources

 445000 (X) Unapportioned – Unexpired Authority

Proprietary Entry 

None

4,000

4,000

Budgetary Entry

None

Proprietary Entry

None

5 An attribute to crosswalk to the SF 133 is not needed.
Page 19 of 39 

August 2022

2. During fiscal 2022, an error that occurred in fiscal 2020 was discovered. The error understated expenses and overstated FBWT by $6,000,000. A bill and 

payment for a delivered paid order has not been recorded. The error is material and requires restatement of the proprietary financial statements. 6

System Only Work Paper Only

DR CR TC DR CR TC

Budgetary Entry

445000 (B) Unapportioned – Unexpired Authority

 490200 (B) Delivered Orders –Obligations, 

 Paid

Proprietary Entry (prior-year activity)

740500 (Z) Prior-Period Adjustments Due to 

Corrections of Errors –Years Preceding the Prior-Year 

 101000 (G) Fund Balance With Treasury 

310500 (G) Unexpended Appropriations – Prior-Period 

Adjustments Due to Corrections of Errors – Years 

Preceding the Prior-Year

 570500 (G) Expended Appropriations –

 Prior-Period Adjustments Due to Corrections 

 of Errors – Years Preceding the Prior-Year

 

6,000

6,000

6,000

6,000

 

6,000

6,000

B102 7

D306

D304

Budgetary Entry

None

Proprietary Entry

610000 (F) Operating Expenses/Program Costs

 740500 (Z) Prior-Period Adjustments Due

 to Corrections of Errors – Years Preceding 

 the Prior-Year

570500 (Z) Expended Appropriations – Prior-Period 

Adjustments Due to Corrections of Errors– Years 

Preceding the Prior-Year

 570010 (G) Expended Appropriations - Disbursed 

310710 (G) Unexpended Appropriations – UsedDisbursed

 310500 (Z) Unexpended Appropriations –

 Prior-Period Adjustments to Corrections of

 Errors – Years Preceding the Prior-Year 

6,000

6,000

6,000

6,000

6,000

6,000

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

201000 (F) Liability for Fund Balance With Treasury

 198000 (F020) Asset for Agency’s Custodial and Non-Entity Liabilities – General Fund of the U.S. Government

570810 (F) Appropriations – Expended- Prior-Period Adjustments 

320800 (F) Appropriations Outstanding – Prior – Period Adjustments Due to Corrections of Errors

6,000

6,000

6,000

6,000

6 A budgetary entry also is required to reflect a beginning balance adjustment. The PYA attribute domain value “B” is used because the agency referred to OMB 

Circular A-11, Appendix F, Section 15 and worked with OMB & Treasury to determine that a back dated document was needed. A backdated Treasury central 

accounting document is prepared after the GTAS window period has closed for the period being corrected.

7 TC B102 substitute D306 for proprietary.
Page 20 of 39 

August 2022

2B. Because the prior-year unobligated balance was carried over and then allotted, the agency must show the decrease to the current year accounts 461000 and 

445000.

System Only Work Paper Only

DR CR TC DR CR TC

Budgetary Entry

4610008 Allotments – Realized Resources

 445000 (X) Unapportioned – Unexpired Authority

Proprietary Entry 

None

6,000

6,000

Budgetary Entry

None

Proprietary Entry

None

8 An attribute to crosswalk to the SF 133 is not needed.
Page 21 of 39 

August 2022

3. During fiscal 2022, an error that occurred in fiscal 2020 was discovered. The error understated expenses and overstated FBWT by $250,000. A bill and 

payment for a delivered paid order has not been recorded. The error is material and requires restatement of the proprietary financial statements. 9

System Only Work Paper Only

DR CR TC DR CR TC

Budgetary Entry

445000(B) Unapportioned – Unexpired Authority

 490200 (B) Delivered Orders –Obligations, Paid

Proprietary Entry (prior-year activity)

740500 (Z) Prior-Period Adjustments Due to 

Corrections of Errors –Years Preceding the Prior-Year 

 101000 (G) Fund Balance With Treasury 

310500 (G) Unexpended Appropriations – Prior-Period 

Adjustments Due to Corrections of Errors – Years 

Preceding the Prior-Year

 570500 (G) Expended Appropriations –

 Prior-Period Adjustments Due to Corrections 

 of Errors – Years Preceding the Prior-Year

 

250

250

250

250

250

250

 

B10210

D306

D304

Budgetary Entry

None

Proprietary Entry

610000 (F) Operating Expenses/Program Costs

 740500 (Z) Prior-Period Adjustments Due to 

 Corrections of Errors – Years Preceding the Prior- 

 Year

570500 (Z) Expended Appropriations – Prior-Period 

Adjustments Due to Corrections of Errors– Years 

Preceding the Prior-Year

 570010 (G) Expended Appropriations - Disbursed

310710 (G) Unexpended Appropriations – UsedDisbursed

 310500 (Z) Unexpended Appropriations – Prior-

 Period Adjustments to Corrections of Errors –

 Years Preceding the Prior-Year 

250

250

250

250

250

250

General Fund of the U.S. Government (099)

Budgetary Entry

None

Proprietary Entry

201000 (F) Liability for Fund Balance With Treasury

 198000 (F020) Asset for Agency’s Custodial and Non-Entity Liabilities – General Fund of the U.S. Government

570810 (F) Appropriations – Expended- Prior-Period Adjustments

 320800 (F) Appropriations Outstanding – Prior – Period Adjustments Due to Corrections of Errors

250

250

250

250

9 A budgetary entry also is required to reflect a beginning balance adjustment. The PYA attribute domain value “B” is used because the agency referred to OMB 

Circular A-11, Appendix F, Section 15 and worked with OMB & Treasury to determine that a back dated document was needed. A backdated Treasury central 

accounting document is prepared after the GTAS window period has closed for the period being corrected.

10 TC B102 substitute D306 for proprietary.
Page 22 of 39 

August 2022

3B. Because the prior-year unobligated balance was carried over and then allotted, the agency must show the decrease to the current year accounts 461000 and 

445000.

System Only Work Paper Only

DR CR TC DR CR TC

Budgetary Entry

46100011 Allotments – Realized Resources

 445000 (X) Unapportioned – Unexpired Authority

Proprietary Entry 

None

250

250

Budgetary Entry

None

Proprietary Entry

None

Note: No examples of PYA attribute domain value “X” are shown for prior-year errors in this scenario because the "X" is only used 

with a backdated document during a GTAS revision window. When using USSGL account 740500, the "X" will not apply because 

USSGL account 740500 is used when the error is discovered in years preceding the prior-year. Therefore, with USSGL account 

740500, the error would be discovered too late to correct something during the GTAS revision window.

11 An attribute to crosswalk to the SF 133 is not needed.
Page 23 of 39 

August 2022

Fiscal 2022 Accounting System Activity Summary 

(Assumes agency’s accounting system was not reopened to record PPAs or PYAs.)

USSGL 

Budgetary 

and 

Proprietary 

Accounts

Column 1

System

Post-closing 

Trial 

Balance 

Fiscal 2021

Column 2

System

Activity

Fiscal 2022

(Transaction 

A and B)

Column 3

System

Activity

Fiscal 2022

(Transactions 

1,2, and 3)

Column 4

System

Pre-closing 

Trial Balance 

Fiscal 2022

(calc. Col. 2 + 

3 + 4)

Column 5

System

Closing 

Entries

Fiscal 2022

Column 6

System

Post-closing

Trial Balance 

Fiscal 2022

(calc. 

Col. 5 + 6)

Column 7

420100 12,000 12,000 (6,250) 5,750

445000 (B) 6,250 6,250 (6,250) -

445000 (P) 4,000 4,000 (4,000) -

445000 (X) (11,000) 10,250 (10,250) (11,000) 10,250 (750)

461000 (10,250) 10,250 - -

490100 (P) (4,000) (4,000) 4,000 -

490100 (X) (1,000) (1,000) (4,000) (5,000)

490200 (B) (6,250) (6,250) 6,250 -

Total - - - - -

101000 (G) 12,000 (6,250) 5,750 5,750

211000 (F) (1,000) (4,000) (5,000) (5,000)

310000 (11,000) (11,000) 10,250 (750)

310500 (G) 10,250 10,250 (10,250) -

570500 (G) (10,250) (10,250) 10,250 -

610000 (F) - - - -

740500 (Z) 10,250 10,250 (10,250) -

Total - - - - -
Page 24 of 39 

August 2022

Work Paper Trial Balance for Budgetary Accounts – SBR ONLY12

Budgetary 

Accounts

Column 1

PriorYear

Adjustment

Attribute

(N/A for the 

SBR)

Column 2

Fiscal 

2021

Published

Pre-close

Column 3

Fiscal 2022

Prior-Period

Adjustments

(Transactions 

1, 2, and 3)

Column 4

Restated 

Pre-close

for Fiscal 2021

SBR

(Calc. Col. 3+4)

Column 5

Restated 

Fiscal 

2021

SBR

Closing 

Entries

Column 6

Restated 

Post-close

Fiscal 2021

SBR

(Calc. Col. 5+6)

Column 7

Fiscal 2022

Current-Year 

Activity for 

SBR

Column 8

Fiscal 2022

SBR for

Publication

(Calc. Col. 7+8)

Column 9

411900 N/A 12,000 12,000 (12,000) - -

420100 N/A - 5,750 5,750 5,750

445000 N/A (11,000) 10,250 (750) - (750) (750)

490100 N/A (1,000) (4,000) (5,000) (5,000) (5,000)

490200 N/A (6,250) (6,250) 6,250 - -

Total - - - - - - -

12 Considers FASAB Standard No. 21 requirements regarding PPAs but does not consider OMB Circular No. A-11 requirements regarding PYAs.
Page 25 of 39 

August 2022

Financial System Activity and Trial Balance for Budgetary Accounts (Used To Prepare SF 133/Schedule P

and 2022 SBR)13

Budgetary 

Accounts

Column 1

Prior-Year

Adjustment

Attribute

Column 2

Fiscal 2021

Trial Bal.

(used to prepare 

SF 

133/Schedule P)

Column 3

Fiscal 2021

Closing 

Entries

Activity

Column 4

Fiscal 2021

Post-closing 

Trial 

Balance

(Calc. Col. 

3+4)

Column 5

Fiscal 2022

Apportionment and 

Allotment 

(Transactions A & B)

Column 6

Fiscal 2022

Prior-Year 

Adjustments

Activity

(Transactions 1, 2 

and 3 with “B” and 

“P” PYA domains)

Column 7

Fiscal 2022

Prior-Year 

Activity

Column 8

Fiscal 2022 Trial Balance

(used to prepare SF 

133/Schedule P)

(Calc. Col.5+6+7+8)

Column 9

411900 X 12,000 (12,000) - - -

420100 12,000 12,000 - 12,000

445000 B - 6,250 6,250

445000 P - 4,000 4,000

445000 X (11,000) (11,000) 10,250 (10,250) (11,000)

461000 - (10,250) 10,250 -

490100 P - (4,000) (4,000)

490100 X (1,000) (1,000) (1,000)

490200 B - (6,250) (6,250)

Total - - - - - - -

13 Includes OMB Circular No. A-11 requirements regarding PYAs. 
Page 26 of 39 

August 2022

Work Paper Trial Balance for Proprietary Accounts – Restated Fiscal 2022 Comparative Financials

Proprietary

Accounts

Column 1

Fiscal 2021

Published

Comparative 

Financials

(Pre-Close)

(See page 10)

Column 2

Fiscal 2022

Prior-Period

Adjustments

(transactions 

1, 2, and 3 as 

posted in 

agency 

accounting 

system)

Column 3

Fiscal 2022

Prior-Period 

Work-Paper

Adjustments

(for 

transactions 1, 

2, and 3 not 

recorded in 

agency 

accounting 

system)

Column 4

Fiscal 2021

Restated

Pre-close

for Fiscal 

2022

Comparative 

Financials

(calc. col. 

2+3+4)

Column 5

Fiscal 2021

Work-Paper 

Closing 

Entries for 

Restated 

Fiscal 2022

Comparative 

Financials

(See pages 

25—29 Work 

Paper Only 

Entries)

Column 6

Fiscal 2021

Accounting 

System 

Entries for 

Restated 

Fiscal 2022

Comparative 

Financials

(See pages 

25-29 System 

Only Entries)

Column 7

Fiscal 2021

Restated

Post-close 

Equals 

Fiscal 2022

Beginning 

Balances for 

Fiscal 2022

Comparative 

Financials

(calc. col. 

5+6+7)

Column 8

Fiscal 2022

Current 

Year Activity 

(excludes 

prior-period 

adjustments to 

fiscal 2021 in 

column 3) 

Column 9

Fiscal 2022

Pre-close 

after Fiscal 

2021

Restatement 

for Fiscal 

2022

Comparative 

Financials

(calc. col.

8+9)

Column 10

101000 (G) 12,000 (6,250) 5,750 5,750 - 5,750

211000 (F) (1,000) (4,000) (5,000) (5,000) - (5,000)

310000 (11,000) 10,250 (750) - (750)

310100 (G) (12,000) (12,000) 12,000 - - -

310500 (G) 10,250 10,250 (10,250) - -

310500(Z) (10,250) (10,250) 10,250 -

310700(G) 1,000 4,000 5,000 (5,000) - - -

310710(G) 6,250 6,250 (6,250) - -

331000 - - - - - -

570000 (G) (1,000) (4,000) (5,000) 5,000 - - -

570010(G) (6,250) (6,250) 6,250 -

570500(G) (10,250) (10,250) 10,250 - -

570500(Z) 10,250 10,250 (10,250)

610000 (F) 1,000 10,250 11,250 (11,250) - - -

740500 (Z) - 10,250 (10,250) - 10,250 (10,250) - - -

Total - - - - - - - - -
Page 27 of 39 

August 2022

Closing Entries for Fiscal 2022

C-1. Close prior-year adjustment attribute domain values “P” and “B” to “X.”

System Only Debit Credit TC Work Paper Only Debit Credit TC

Budgetary Entry

445000 (X) UnapportionedUnexpired Authority

 445000 (B) Unapportioned -

 Unexpired Authority

 445000 (P) Unapportioned –

 Unexpired Authority

490100 (P) Delivered Orders –

Obligations, Unpaid

 490100 (X) Delivered Orders –

 Obligations, Unpaid

490200 (B) Delivered Orders –

Obligations, Paid

 490200 (X) Delivered Orders –

 Obligations, Paid

Proprietary Entry

None

10,250

4,000

6,250

6,250

4,000

4,000

6,250

Footnote 14

Budgetary Entry

None

 

Proprietary Entry

None

14 TCs between the same USSGL accounts and differentiated by only attributes are not displayed in the USSGL TFM Section III.
Page 28 of 39 

August 2022

C-2. Close revenues, expenses, and other financing sources to cumulative results of operations.

System Only Debit Credit TC Work Paper Only Debit Credit TC

Budgetary Entry

None

Proprietary Entry

570500 (G) Expended Appropriations –

Prior-Period Adjustments Due to 

Corrections of Errors –Years Preceding 

the Prior Year

 331000 Cumulative Results of 

 Operations

331000 Cumulative Results of Operations

 740500 (Z) Prior-Period 

 Adjustments Due to Corrections of 

 Errors – Years Preceding the Prior 

 Year

10,250

10,250

 

 

10,250

10,250

F336

F340

Budgetary Entry

None

Proprietary Entry

570000 (G) Expended Appropriations -

Used-Accrued

570010 (G) Expended Appropriations -

Disbursed 

 331000 Cumulative Results of 

 Operations

331000 Cumulative Results of Operations

 610000 (F) Operating Expenses/ 

 Programs Costs

331000 Cumulative Results of Operations

 570500 (Z) Expended Appropriations

 – Prior-Period Adjustments Due to 

 Corrections of Errors – Years

 Preceding the Prior Year

740500 (Z) Prior-Period Adjustments Due 

to Corrections of Errors – Years Preceding 

the Prior Year

 331000 Cumulative Results of 

 Operations 

5,000

6,250

11,250

10,250

10,250

11,250

11,250

10,250

10,250

F336

 F338
Page 29 of 39 

August 2022

C-3. To close fiscal year activity to unexpended appropriations.

System Only Debit Credit TC Work Paper Only Debit Credit TC

Budgetary Entry

None

Proprietary Entry

310000 Unexpended Appropriations –

Cumulative 

 310500 (G) Unexpended 

 Appropriations – Prior-Period 

 Adjustments Due to Corrections of 

 Errors – Years Preceding the Prior 

 Year

 

10,250

 

 

 

10,250

 

F342

Budgetary Entry

None

Proprietary Entry

310000 Unexpended Appropriations –

Cumulative 

 310700 (G) Unexpended 

 Appropriations – Used – Accrued 

 310710 (G) Unexpended 

 Appropriations – Used – Disbursed

310100 (G) Unexpended Appropriations 

– Appropriations Received

310500 (Z) Unexpended Appropriations 

– Prior-Period Adjustments Due to 

Corrections of Errors -Years Preceding 

the Prior Year

 310000 Unexpended 

 Appropriations – Cumulative

 

11,250

12,000

10,250

5,000

6,250

22,250

F342
Page 30 of 39 

August 2022

C-4. To record the closing of paid delivered orders to total actual resources.

System Only Debit Credit TC Work Paper Only Debit Credit TC

Budgetary Entry

490200 (X) Delivered Orders –

Obligations, Paid

 420100 Total Actual Resources –

 Collected

Proprietary Entry

None

6,250

 

 

 

6,250

 

F314

Budgetary Entry

None

Proprietary Entry

None 
Page 31 of 39 

August 2022

Post-closing Trial Balances – Fiscal 2022

Note: The Post-closing Trial Balance (Work Paper) – Fiscal 2022 equals the Post-closing Trial Balance (System) – Fiscal 2022. 

Post-closing Trial Balance (Work Paper) – Fiscal 2022

USSGL Account Debit Credit

Budgetary

420100 Total Actual Resources – Collected 5,750 -

445000 (X) Unapportioned – Unexpired Authority - 750

490100 (X) Delivered Orders – Obligations, Unpaid - 5,000

Total 5,750 5,750

Proprietary

101000 (G) Fund Balance With Treasury 5,750 -

211000 (F) Accounts Payable - 5,000

310000 Unexpended Appropriations – Cumulative - 750

Total 5,750 5,750

Post-closing Trial Balance (Accounting System) – Fiscal 2022

USSGL Account Debit Credit

Budgetary

420100 Total Actual Resources – Collected 5,750 -

445000 (X) Unapportioned – Unexpired Authority - 750

490100 (X) Delivered Orders – Obligations, Unpaid - 5,000

Total 5,750 5,750

Proprietary

101000 (G) Fund Balance With Treasury 5,750 -

211000 (F) Accounts Payable - 5,000

310000 Unexpended Appropriations – Cumulative - 750

Total 5,750 5,750
Page 32 of 39 

August 2022

 BALANCE SHEET

Fiscal 2022

(in thousands)

(pg. 26 col. 10)

Fiscal 2021

(Restated Pre-close)

(in thousands)

(pg. 26 col. 8)

Fiscal 2021

(Published)

Not Part of 

Comparative 

Statements

(in thousands)

(pg. 13)

Assets (Note 2)

 Intra-governmental

 1 Fund Balance with Treasury (Note 3) (RC 40) (101000E) 5,750 5,750 12,000

 7 Total Intra-governmental (calc.) 5,750 5,750 12,000

 18 Total other than intra-governmental (calc.) 5,750 5,750 12,000

Liabilities: (Note 13)

 Intra-governmental

 22 Accounts payable (Note 17)

 22.2 Accounts Payable (RC 22) (211000E) 5,000 5,000 1,000

 27 Total Intra-governmental (calc.) 5,000 5,000 1,000

 39 Total liabilities(calc.) 5,000 5,000 1,000

Commitments and Contingencies (Note 19)

Net position:

 41 Total Unexpended Appropriation (Consolidated)

 41.2 Unexpended appropriations – Funds from other than Dedicated

 Collections (310000B, 310100E, 310500E, 310700E)

750 750 11,000

 42 Total Cumulative Results of Operations (Consolidated)

 42.2 Cumulative results of operations – Funds from other than 

 Dedicated Collections (570000E, 570500E, 610000E, 

 740500E)

- - -

 43 Total net position (calc.) 750 750 11,000

 44 Total liabilities and net position (calc.) 5,750 5,750 12,000
Page 33 of 39 

August 2022

 Balances come from pg. 26

 STATEMENT OF NET COST

Fiscal 2022

(in thousands)

Fiscal 2022

(Restated Pre-close

Published in Fiscal 2021

Comparative)

(in thousands)

Fiscal 2021

(Published)

Gross Program Costs (Note 21):

 Program A:

1 Gross costs (610000E) - 1,000 1,000

3 Net program costs: (calc.) - 1,000 1,000

5 Net program costs including Assumption Changes:(calc.) - 1,000 1,000

8 Net cost of operations (calc.) - 1,000 1,000
Page 34 of 39 

August 2022

 

 Balances from pg. 26

STATEMENT OF CHANGES IN NET POSITION

All Other Funds

Fiscal 2022

(in thousands)

All Other Funds

Fiscal 2021

(Published)

(in thousands)

Unexpended Appropriations:

1 Beginning Balance (310000B) 750 -

2 Adjustments (+/-)

2B Correction of errors (+/-) (310500E) - (10,250)

3 Beginning balance, as adjusted (calc.) 750 (10,250)

4 Appropriations received (310100E) - 12,000

7 Appropriations used (310700E) - (1,000)

8 Net Change in Unexpended Appropriations (calc.) - 11,000

9 Total Unexpended Appropriations - Ending (calc.) 750 750

Cumulative Results of Operations:

10 Beginning Balances (331000E) - -

11 Adjustments: (+/-)

11B Corrections of errors (+/-) (570500E, 740500E) - -

12 Beginning balances, as adjusted (calc.) - -

14 Appropriations used (570000E) - 1,000

21 Net Cost of Operations (+/-) - 1,000

22 Net Change in Cumulative Results of Operations (calc.) - -

23 Cumulative Results of Operations – Ending (calc.) - -

24 Net Position (calc.) 750 750

 

 
Page 35 of 39 

August 2022

 

STATEMENT OF BUDGETARY RESOURCES

Fiscal 2022

Col. 9 Ending

(in thousands)

 Page 25

Fiscal 2021 

Published

(in thousands)

Beg Balances: All zero

Ending Bals: Page 24, Col 5

Line 

No. Budgetary resources:

1071

Unobligated balance from prior year budget authority, net 

(discretionary and mandatory) (Note 26) (420100B, 490100B, E, 

490200E) 750*

1290 Appropriations (discretionary and mandatory) (411900E,) - 12,000

1910 Total budgetary resources 750 12,000

 Status of Budgetary Resources:

2190 New obligations and upward adjustments (total) (490100E) - 11,250

Unobligated balance, end of year:

2405 Unapportioned, unexpired accounts (445000E) 750 750

2412 Unexpired unobligated balance, end of year 750 750

2490 Unobligated balance, end of year (total) 750 750

2500 Total budgetary resources 750 12,000

Outlays, Net and Disbursements, Net

4190 Outlays, net (total) (discretionary and mandatory) - 6,250

For the Line 1071 balance of $750: 420100 Beginning $12,000 (column 3- 411900 closed to 420100) + 490100 

Beginning (1,000) (column 3) + 490100 Ending (4,000) (column 4 – this was with PYA attribute P and shows on line 1020 of the SF 

133) + 490200 Ending (6,250) (this was with PYA B and shows on line 1020 of the SF 133)
Page 36 of 39 

August 2022

 

 Balances from pg. 25

SF 133 and Schedule P - Report on Budget Execution and Budgetary Resources

and Budget Program and Financing Schedule

SF 133 Schedule P

BUDGETARY RESOURCES

All accounts:

0900 Total new obligations, unexpired accounts (490100E PYA “X” – 490100B PYA “X”, 490200E PYA 

“X” (1,000) – (1,000) + (250)

250

Unobligated balance:

1000 Unobligated balance brought forward, Oct 1 (420100B, 490100B PYA “X” 12,000 + (1,000) 11,000 11,000

Adjustments:

1020 Adjustment to unobligated balance brought forward, Oct 1 (+ or -)

(490100E PYA “P,” 490200E PYA “B” (4,000) + (6,250)

(10,250) (10,250)

1900 Budget authority (total) - -

1910 Total budgetary resources (calc.) 750

1930 Total budgetary resources available (calc.) 750

Memorandum (non-add) entries

All accounts:

1941 Unexpired unobligated balance, end of year (445000E) 750

STATUS OF BUDGETARY RESOURCES

New obligations and upward adjustments:

Direct:

2001 Category A (by quarter) (490100E PYA “X” - 490100B PYA “X) -

2004 Direct obligations (total) -

2170 New obligations, unexpired accounts (490100E PYA “X” - 490100B PYA “X) -

2190 New obligations and upward adjustments (total) -

Unobligated balance:

2403 Other (445000E PYA “B,” “P,” and “X”) (6,250) + (4,000) – 11,000 750

2412 Unexpired unobligated balance, end of year 750

2500 Total budgetary resources (calc.) 750
Page 37 of 39 

August 2022

SF 133 and Schedule P - Report on Budget Execution and Budgetary Resources

and Budget Program and Financing Schedule

SF 133 Schedule P

2501 Subject to apportionment unobligated balance, end of year (445000E PYA “B,” “P,” and “X”) 

(6,250) + (4,000) – 11,000

750

CHANGE IN OBLIGATED BALANCE

Unpaid obligations:

3000 Unpaid obligations, brought forward, Oct 1 (490100B PYA “X”) 1,000 1,000 1,000

3001 Adjustment to unpaid obligations, brought forward, Oct 1 (+ or -) (490100E PYA “P”) 4,000 4,000 4,000

3010 New obligations, unexpired accounts (490100B, 490100E PYA “X”) - -

3020 Outlays gross (-) - -

3050 Unpaid obligations, end of year (490100E PYA “P” + 490100E PYA “X”) 5,000 5,000

Memorandum (non-add) entries:

3100 Obligated balance, start year (+ or -) (calc.) 5,000 5,000

3200 Obligated balance, end of year (+ or -) (calc.) 5,000 5,000

Discretionary:

Gross budget authority and outlays:

4000 Budget authority, gross - -

Outlays, gross

4010 Outlays from new discretionary authority - -

4020 Outlays, gross (total) (calc.) - -

4070 Budget authority, net (discretionary) (calc.) - -

4080 Outlays, net (discretionary) (calc.) - -

4180 Budget authority, net (total) (calc.) - -

4190 Outlays, net (total) (calc.) - -

5311 Direct unobligated balance, start of year (490100B, PYA “X”) (1,000) (1,000)

5313 Discretionary unobligated balance, start of year (490100B, PYA “X”) (1,000) (1,000)

5321 Direct unobligated balance, end of year (445000E PYA “B”, “P”, “X”) 750 750

5323 Discretionary unobligated balance, end of year (445000E PYA “B”, “P”, “X”) 750 750

5331 Direct obligated balance, start of year (490100B, PYA “X”) 1,000 1,000

5333 Discretionary obligated balance, start of year (490100B, PYA “X”) 1,000 1,000

5341 Direct obligated balance, end of year (4901000E PYA “P”, “X”) 5,000 5,000

5343 Discretionary obligated balance, end of year (490100E PYA “P”, “X”) 5,000 5,000
Page 38 of 39 

August 2022

Note: Effective FY 2021, the Reclassified Balance Sheet is the same as the Balance Sheet. Therefore, the Reclassified Balance 

Sheet is not presented in this scenario.

RECLASSIFIED STATEMENT OF NET COST

Fiscal 2022

(in thousands)

Fiscal 2021

(in thousands)

1 Gross Cost

7 Federal gross cost

7.3 Buy/sell cost (RC24) - Footnote 2 (610000E) - 1,000

8 Total federal gross cost (calc.) - 1,000

9 Department total gross cost (calc.) - 1,000

10 Earned revenue

14 Department total earned revenue (calc.) - -

15 Net cost of operations (calc.) - 1,000
Page 39 of 39 

August 2022

RECLASSIFIED STATEMENT OF OPERATIONS AND CHANGES IN NET POSITION

Fiscal 2022

(in thousands)

Fiscal 2021

(in thousands)

1 Net position, beginning of period (310000B) 750 -

2 Non-federal prior-period adjustments:

3 Federal prior-period adjustments 

3.3 Corrections of errors – years preceding the prior year - federal (RC 29) - -

3.4 Prior period adjustment to unexpended appropriations – federal (RC 31) 

 (310500E)

(10,250)

3.5 Prior-period adjustment to expended appropriations – federal (RC 32) 

 (570500E)

-

4 Net position, beginning of period – adjusted (calc.) 750 (10,250)

5 Non-federal non-exchange revenue: 

6 Federal non-exchange revenue:

7 Financing sources:

7.1 Appropriations received as adjusted (rescissions and other adjustments) 

 (RC 41) – Footnote 1 (310100E)

- 12,000

7.2 Appropriations used (RC 39) (310700E) - (1,000)

7.3 Appropriations expended (RC 38) – Footnote 1 (570000E) - 1,000

7.30 Total financing sources (calc.) - 12,000

8 Net cost of operations (+/-) - (1,000)

9 Net position, end of period (calc.) 750 750